Research On The Violation Of Information Disclosure Of Huaze Cobalt-Nickel

China's economy has been developing rapidly,and many companies has increased sharply.The development of listed companies has also made great contributions to China's economy and promoted China's economy to be more active and prosperous.However,with the increasing scale of the capital market,more and more problems are generated,such as the violation of information disclosure and other phenomena are repeatedly banned.Information disclosure is an important way for investors to understand listed companies.The quality of information disclosed by enterprises is of vital interest to investors.On November 24,2015,Huaze Cobalt-Nickel was investigated by China Securities Regulatory Commission(CSRC)for securities violations such as the company's suspected false information disclosure.Due to the huge hold-out behavior of major shareholders,Huaze Cobalt-Nickel once became the poorest company in the history of A-shares,with only178 yuan left in the company's account.In order to cover up its occupation of funds,Huaze Cobalt-nickel began to falsify bills and disclose illegal information.There are various forms of violation of information disclosure,including failing to disclose information within the statutory time limit,failing to disclose information in accordance with regulations,having false records,failing to disclose relevant matters and other forms.The violation case of Information disclosure of Huaze Cobalt-Nickel is A major violation case of A-share in recent years.The amount of capital involved in the violation of information disclosure is huge and the abominable degree is astonishing,so it has A very deep research significance.In addition,by studying the case of information disclosure violation of Huaze Cobaltous Nickel,we can learn some lessons from it and provide reference for regulators and other companies to prevent information disclosure violation.The content of this paper makes an in-depth analysis of the violation case of information disclosure of Huaze Cobalt-Nickel Company.There are seven chapters in this paper.The first chapter,introduction,expounds the research background and research methods of this paper,and introduces the research content of this paper.Chapter two,theoretical basis and literature review.The third chapter,through data collection and collation,analyzes the current situation of information disclosure of listed companies in China from three perspectives,namely,untruthfulness,untimeliness and inadequacy,and explores the common problems of information disclosure of listed companies in China.Chapter four,Chapter five and Chapter six,a case study on the violation of information disclosure of Huaze Cobaltous Nickel Company.The fourth chapter introduces the general situation of Huaze Cobalt-Nickel,and then elaborates the process,performance and impact of the company's violation cases.The fifth chapter deeply explores the reasons for the company's violation,including unreasonable shareholding structure,the use of related party transactions to fill the capital gap of the parent company,the chaos of the company's internal governance structure,and the failure of external institutions to perform their duties diligently.The sixth chapter puts forward some countermeasures from the perspective of corporate governance,including the adjustment of internal governance structure and the improvement of external governance structure.The seventh chapter is the research summary of the whole article.The author through the analysis of the above summarized the following points to help the company to prevent the emergence of information disclosure violations,first,the reasonable control of equity structure is helpful to reduce the risk of information disclosure violations,second,strengthen internal management to prevent big shareholders hollowed,third,to strengthen the external governance supervision and information disclosure of the enterprise is very important.